HC Wainwright began coverage on shares of BitFuFu (NASDAQ:FUFU - Free Report) in a research note released on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $7.00 price objective on the stock.
BitFuFu Trading Up 6.3 %
Shares of NASDAQ FUFU traded up $0.29 during mid-day trading on Wednesday, hitting $4.86. The company's stock had a trading volume of 182,541 shares, compared to its average volume of 196,471. BitFuFu has a one year low of $2.32 and a one year high of $18.32. The company's fifty day simple moving average is $4.44 and its 200-day simple moving average is $4.18. The company has a quick ratio of 3.40, a current ratio of 3.41 and a debt-to-equity ratio of 0.87.
BitFuFu (NASDAQ:FUFU - Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $129.42 million for the quarter.
Institutional Investors Weigh In On BitFuFu
An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC bought a new position in BitFuFu Inc. (NASDAQ:FUFU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,500 shares of the company's stock, valued at approximately $82,000. MMCAP International Inc. SPC owned 0.38% of BitFuFu at the end of the most recent quarter. 37.26% of the stock is currently owned by hedge funds and other institutional investors.
About BitFuFu
(
Get Free Report)
BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
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